Uno Minda has received approval for the acquisition of 1.97% Equity Shares of Toyoda Gosei Minda India from Minda Investments. Post-Acquisition, the resultant shareholding of the company shall be 49.90%.
The company also received in-principal approval for acquisition of 49% Equity Shares of Minda Nabtesco Automotive from Nabtesco Automotive Corporation, Japan. Post acquisition, the target entity shall become an associate company of Uno Minda. The Board of Directors of the company, at its meeting held on May 23, 2024, has inter alia, approved the same.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
